Berkshire Hathaway Expands Its Bet on Energy
Berkshire agrees to buy Oncor from Energy Future Holdings for $9 billion in cash.
S&P Downgrades IBM’s Credit Rating to ‘A+’
The rating agency says IBM's transition to operating stability as it spends heavily on new businesses "will take longer than we had previously forecast."
Berkshire Hathaway Profit Falls 5% to $3.56B
The decline in earnings reflected an after-tax loss of $267 million from insurance underwriting that offset gains from the BNSF railroad and utilities.
CFOs Must Lead Adoption of The Cloud
Digitization is forcing finance chiefs to shed some old habits.
Berkshire Hathaway Profit Falls 6% to $4.38B
"Our expectation is that investment gains will continue to be substantial — though totally random as to timing," Chairman Warren Buffett said.
Kraft Heinz Offers $143B to Acquire Unilever
The deal would be the third-biggest takeover in history but Unilever said Kraft's offer “profoundly undervalues the company."
Airline Stocks Rise on Unit Revenue Guidance
Both American and United Airlines boost their expectations for fourth-quarter unit revenue, sending their shares up more than 3%.
Berkshire Hathaway Reports Mixed Earnings
While operating profit got a boost from manufacturing and other businesses, net income fell on lower investment gains.
Partying Like It’s 1999
Warren Buffet holds more cash and has less debt at the top of the cycle so he can invest at the bottom. You should too.
Apple’s Shares Rise on News of Buffett Stake
The renowned value investor's rare bet on a tech company suggests he saw a buying opportunity in the stock's sharp decline since last summer.
Berkshire Hathaway Misses Profit Estimates
The conglomerate's first-quarter results reflect a 25% drop in profit at the Burlington Northern Santa Fe railroad, its largest unit.